This chemical is primarily used as an intermediate in organic synthesis, particularly in the preparation of complex organic compounds. It is often employed in cross-coupling reactions, such as Negishi coupling, where it facilitates the formation of carbon-carbon bonds. This makes it valuable in the production of pharmaceuticals, agrochemicals, and fine chemicals. Its reactivity with various electrophiles allows for the introduction of specific functional groups into target molecules, enabling the synthesis of diverse and structurally complex compounds. Additionally, it is utilized in research and development settings to explore new synthetic pathways and optimize reaction conditions for industrial applications.